Gold is gearing up for its next big move, but it might need a bit more fuel ⛽ to hit that shiny new all-time high of $3,000! With the current price sitting at $2,912, there’s some interesting action to watch above and below.
Before heading lower, Gold might first hunt some higher levels like $2,944 and $2,952—think of these as potential stop-hunting zones that could set the stage for a drop toward the key demand areas. On the downside, I’m eyeing $2,890 and $2,879 (marked as blue boxes on the chart) as solid demand zones. If the price dips into these, we could see a retracement—Gold taking a quick breather. To really build momentum for that push to $3,000, I’d expect it to test $2,859 or even $2,821 first. These could be the launchpads for its next attack on that ATH milestone.
Here are the key levels I’m tracking:
$2,944: Higher zone to watch
$2,952: Potential stop-hunting peak
$2,890: Demand zone #1
$2,879: Demand zone #2
$2,859: Potential fuel-up level
$2,821: Deeper support for momentum
$3,000: The big ATH target
What do you think—ready for the ride?
Before heading lower, Gold might first hunt some higher levels like $2,944 and $2,952—think of these as potential stop-hunting zones that could set the stage for a drop toward the key demand areas. On the downside, I’m eyeing $2,890 and $2,879 (marked as blue boxes on the chart) as solid demand zones. If the price dips into these, we could see a retracement—Gold taking a quick breather. To really build momentum for that push to $3,000, I’d expect it to test $2,859 or even $2,821 first. These could be the launchpads for its next attack on that ATH milestone.
Here are the key levels I’m tracking:
$2,944: Higher zone to watch
$2,952: Potential stop-hunting peak
$2,890: Demand zone #1
$2,879: Demand zone #2
$2,859: Potential fuel-up level
$2,821: Deeper support for momentum
$3,000: The big ATH target
What do you think—ready for the ride?
Note
Price Drop as I except and its eng key lvl of 2834 , price may have some retrace to 2865 after that I will wait to first Long Entry at 2822.41 with 2804.47 SL and new ATH first TP
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.